FEBRUARY 15 2017

So here we are at Issue 933 of Exchange Invest, which was a designation for studies for an SCCA Porsche 924 racer as well as a 1981-90 3.2-liter light airplane engine, marketed as PFM 3200…which reminds me of the amazing Giorgio Vico in Liguria who built a seaplane with the VW engine also used as the base for the 924 engine.

In Today’s Exchange Invest

Euronext goes announcement hyperactive: and they are all good! Various fascinating wheels and deals show a desire to get the business to the next level. Meanwhile, newly ‘formed’ NEX group moves ahead while newly listed Bombay disappoints with results.

And there’s more, happy scrolling:

In BigWorld

A member of the Democratic party resigns as National Security Advisor and the end of the Republican administration is foretold by CNN (whose predictive accuracy, by the by,
makes tea leaves look the sound risk analysts’ choice).

PLY: What a joy to read! Euronext edges ahead of expectations with their results and shows a slew of coherent, intelligent new initiatives in spaces where more products are warranted. A block trading facility on the cusp of MIFID II is a great idea, even with the competition from LIS (BATS-BIDS) and the original incumbent, Liquidnet as well as a potentially resurgent ITG. A fascinating offer in a fascinating space which is also true of the collateral and liquidity risk management services.

Excellent initiatives and I am delighted to see these creative projects from the offices of Euronext and Lee Hodgkinson in particular who is delivering a breadth of vision which enhances the core Euronext offering.

PLY: A very very clear signal that the UK has no intention of letting the Channel Islands be the only financial centre to prosper in the wake of the EU suicide note on bond listing / insider trading et al. The urgency of EU reform on this ill-considered proposal cannot come soon enough.

PLY: The collapse of MR Securities has claimed the scalp of the Head of Regulation at the recently unified Pakistan exchange.

The CME has unveiled their proposed director slate following on from our discussion of the B share nominees yesterday. With a combined age of 1500 years, clearly experience is not an issue which is welcome: